Hong Kong’s Exchange Fund, which is used to defend the city’s currency, reported a US$6.6 billion gain in the second quarter. Photo: Nora Tam Hong Kong’s Exchange Fund, which is used to defend the city’s currency, reported a US$6.6 billion gain in the second quarter. Photo: Nora Tam
Hong Kong’s Exchange Fund, which is used to defend the city’s currency, reported a US$6.6 billion gain in the second quarter. Photo: Nora Tam

Exchange Fund posts US$6.6 billion second-quarter gain, giving Hong Kong more firepower to defend city’s currency

  • Exchange Fund, the war chest used to protect the city’s currency, stood at HK$4.57 trillion (US$587 billion) at the end of June
  • Investment results include HK$27.6 billion gain on overseas equities

Topic |   Banking & finance
Hong Kong’s Exchange Fund, which is used to defend the city’s currency, reported a US$6.6 billion gain in the second quarter. Photo: Nora Tam Hong Kong’s Exchange Fund, which is used to defend the city’s currency, reported a US$6.6 billion gain in the second quarter. Photo: Nora Tam
Hong Kong’s Exchange Fund, which is used to defend the city’s currency, reported a US$6.6 billion gain in the second quarter. Photo: Nora Tam
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